Australia's Barys Resources hits record low on discounted placement

Barys Resources

15/09/2026 05:49

** Shares of Barys Resources BRY.AX fall as much as 31.6% to A$0.013, hitting record low on discounted placement
** Stock logs steepest intraday pct fall since June 2
** Specialty mining and metals explorer launched a 1-for-1 renounceable entitlement offer to raise up to A$2.6 million  ($1.85 million) at A$0.01 per share during after market hours on Monday
** Offer price represents a discount of about 41% to the stock's closing price on September 11
** Funds will be used to advance exploration at the company's projects in Kazakhstan and pursue gold-focused business development opportunities
** YTD, stock down 35%


($1 = 1.4043 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))